NORDIC AMERICAN TANKERS LTD (NAT) Stock Fundamental Analysis
USA - NYSE:NAT - BMG657731060 - Common Stock
3.55 USD
+0.04 (+1.14%)
We assign a fundamental rating of 4 out of 10 to NAT. NAT was compared to 211 industry peers in the Oil, Gas & Consumable Fuels industry. NAT has only an average score on both its financial health and profitability. NAT has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
NAT had negative earnings in the past year.
NAT had a positive operating cash flow in the past year.
NAT had positive earnings in 4 of the past 5 years.
NAT had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
NAT has a Return On Assets (4.18%) which is in line with its industry peers.
Looking at the Return On Equity, with a value of 7.24%, NAT is in line with its industry, outperforming 50.24% of the companies in the same industry.
The Return On Invested Capital of NAT (5.71%) is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for NAT is significantly below the industry average of 21.53%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.18% | ||
| ROE | 7.24% | ||
| ROIC | 5.71% |
ROA(3y)6.22%
ROA(5y)0.73%
ROE(3y)10.1%
ROE(5y)0.85%
ROIC(3y)8.03%
ROIC(5y)N/A
1.3 Margins
With a Profit Margin value of 11.07%, NAT perfoms like the industry average, outperforming 59.72% of the companies in the same industry.
Looking at the Operating Margin, with a value of 16.91%, NAT is in line with its industry, outperforming 49.29% of the companies in the same industry.
NAT's Operating Margin has improved in the last couple of years.
NAT's Gross Margin of 42.39% is in line compared to the rest of the industry. NAT outperforms 51.18% of its industry peers.
In the last couple of years the Gross Margin of NAT has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.91% | ||
| PM (TTM) | 11.07% | ||
| GM | 42.39% |
OM growth 3YN/A
OM growth 5Y16.99%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5Y6.11%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NAT is destroying value.
The number of shares outstanding for NAT has been increased compared to 1 year ago.
The number of shares outstanding for NAT has been increased compared to 5 years ago.
NAT has a better debt/assets ratio than last year.
2.2 Solvency
The Debt to FCF ratio of NAT is 3.93, which is a good value as it means it would take NAT, 3.93 years of fcf income to pay off all of its debts.
NAT's Debt to FCF ratio of 3.93 is fine compared to the rest of the industry. NAT outperforms 72.04% of its industry peers.
A Debt/Equity ratio of 0.53 indicates that NAT is somewhat dependend on debt financing.
NAT has a Debt to Equity ratio (0.53) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.53 | ||
| Debt/FCF | 3.93 | ||
| Altman-Z | N/A |
ROIC/WACC0.63
WACC9.1%
2.3 Liquidity
A Current Ratio of 1.54 indicates that NAT should not have too much problems paying its short term obligations.
NAT's Current ratio of 1.54 is fine compared to the rest of the industry. NAT outperforms 67.30% of its industry peers.
NAT has a Quick Ratio of 1.34. This is a normal value and indicates that NAT is financially healthy and should not expect problems in meeting its short term obligations.
NAT has a better Quick ratio (1.34) than 66.35% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.54 | ||
| Quick Ratio | 1.34 |
3. Growth
3.1 Past
The earnings per share for NAT have decreased strongly by -103.45% in the last year.
NAT shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -17.14%.
NAT shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.97% yearly.
EPS 1Y (TTM)-103.45%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-140%
Revenue 1Y (TTM)-17.14%
Revenue growth 3Y22.32%
Revenue growth 5Y1.97%
Sales Q2Q%-39.25%
3.2 Future
NAT is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 23.47% yearly.
Based on estimates for the next years, NAT will show a small growth in Revenue. The Revenue will grow by 5.26% on average per year.
EPS Next Y-63.04%
EPS Next 2Y16.52%
EPS Next 3Y23.47%
EPS Next 5YN/A
Revenue Next Year-12.18%
Revenue Next 2Y10.29%
Revenue Next 3Y5.26%
Revenue Next 5YN/A
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
NAT reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
A Price/Forward Earnings ratio of 11.88 indicates a reasonable valuation of NAT.
The rest of the industry has a similar Price/Forward Earnings ratio as NAT.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.09, NAT is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 11.88 |
4.2 Price Multiples
NAT's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, NAT is valued cheaper than 81.04% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.68 | ||
| EV/EBITDA | 8.8 |
4.3 Compensation for Growth
A more expensive valuation may be justified as NAT's earnings are expected to grow with 23.47% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y16.52%
EPS Next 3Y23.47%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.99%, NAT is a good candidate for dividend investing.
NAT's Dividend Yield is rather good when compared to the industry average which is at 6.30. NAT pays more dividend than 81.52% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.32, NAT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.99% |
5.2 History
The dividend of NAT is nicely growing with an annual growth rate of 33.35%!
NAT has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)33.35%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
NAT pays out 264.15% of its income as dividend. This is not a sustainable payout ratio.
The dividend of NAT is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP264.15%
EPS Next 2Y16.52%
EPS Next 3Y23.47%
NYSE:NAT (10/23/2025, 10:26:06 AM)
3.55
+0.04 (+1.14%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners40.24%
Inst Owner Change0.17%
Ins Owners4.34%
Ins Owner ChangeN/A
Market Cap751.71M
Revenue(TTM)301.17M
Net Income(TTM)36.23M
Analysts76
Price Target3.67 (3.38%)
Short Float %6.66%
Short Ratio6.72
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.99% |
Yearly Dividend0.42
Dividend Growth(5Y)33.35%
DP264.15%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-121.2%
Min EPS beat(2)-170.15%
Max EPS beat(2)-72.24%
EPS beat(4)1
Avg EPS beat(4)-60.46%
Min EPS beat(4)-170.15%
Max EPS beat(4)1.55%
EPS beat(8)1
Avg EPS beat(8)-41.46%
EPS beat(12)3
Avg EPS beat(12)-26.13%
EPS beat(16)3
Avg EPS beat(16)-22.56%
Revenue beat(2)0
Avg Revenue beat(2)-20.6%
Min Revenue beat(2)-30.58%
Max Revenue beat(2)-10.61%
Revenue beat(4)1
Avg Revenue beat(4)-10.27%
Min Revenue beat(4)-30.58%
Max Revenue beat(4)1.11%
Revenue beat(8)3
Avg Revenue beat(8)-9.54%
Revenue beat(12)5
Avg Revenue beat(12)9.91%
Revenue beat(16)6
Avg Revenue beat(16)20.65%
PT rev (1m)3.6%
PT rev (3m)2.86%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-70.86%
EPS NY rev (3m)-71.17%
Revenue NQ rev (1m)9.52%
Revenue NQ rev (3m)-8.96%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-22.91%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 11.88 | ||
| P/S | 2.3 | ||
| P/FCF | 8.68 | ||
| P/OCF | 8.42 | ||
| P/B | 1.5 | ||
| P/tB | 1.5 | ||
| EV/EBITDA | 8.8 |
EPS(TTM)-0.01
EYN/A
EPS(NY)0.3
Fwd EY8.41%
FCF(TTM)0.41
FCFY11.52%
OCF(TTM)0.42
OCFY11.88%
SpS1.54
BVpS2.36
TBVpS2.36
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.18% | ||
| ROE | 7.24% | ||
| ROCE | 7.22% | ||
| ROIC | 5.71% | ||
| ROICexc | 6.6% | ||
| ROICexgc | 6.6% | ||
| OM | 16.91% | ||
| PM (TTM) | 11.07% | ||
| GM | 42.39% | ||
| FCFM | 26.47% |
ROA(3y)6.22%
ROA(5y)0.73%
ROE(3y)10.1%
ROE(5y)0.85%
ROIC(3y)8.03%
ROIC(5y)N/A
ROICexc(3y)8.44%
ROICexc(5y)N/A
ROICexgc(3y)8.44%
ROICexgc(5y)N/A
ROCE(3y)10.17%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y25.4%
ROICexc growth 3YN/A
ROICexc growth 5Y25.4%
OM growth 3YN/A
OM growth 5Y16.99%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5Y6.11%
F-Score4
Asset Turnover0.38
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.53 | ||
| Debt/FCF | 3.93 | ||
| Debt/EBITDA | 2.37 | ||
| Cap/Depr | 4.83% | ||
| Cap/Sales | 0.83% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 80.12% | ||
| Profit Quality | 239.04% | ||
| Current Ratio | 1.54 | ||
| Quick Ratio | 1.34 | ||
| Altman-Z | N/A |
F-Score4
WACC9.1%
ROIC/WACC0.63
Cap/Depr(3y)52.71%
Cap/Depr(5y)35.03%
Cap/Sales(3y)7.02%
Cap/Sales(5y)5.08%
Profit Quality(3y)153.87%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-103.45%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-140%
EPS Next Y-63.04%
EPS Next 2Y16.52%
EPS Next 3Y23.47%
EPS Next 5YN/A
Revenue 1Y (TTM)-17.14%
Revenue growth 3Y22.32%
Revenue growth 5Y1.97%
Sales Q2Q%-39.25%
Revenue Next Year-12.18%
Revenue Next 2Y10.29%
Revenue Next 3Y5.26%
Revenue Next 5YN/A
EBIT growth 1Y-42.47%
EBIT growth 3YN/A
EBIT growth 5Y19.29%
EBIT Next Year26.26%
EBIT Next 3Y27.74%
EBIT Next 5YN/A
FCF growth 1Y10.18%
FCF growth 3YN/A
FCF growth 5Y27.27%
OCF growth 1Y6.57%
OCF growth 3YN/A
OCF growth 5Y26.16%